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Malte Mueller/Getty ImagesPresident Donald Trump's "reciprocal" tariffs caused the stock markets to plummet—leaving many Americans concerned about the grave impact the measures might have on their own finances and prompting several major institutions to up their risk of a recession from 40% to 60%.On April 6, four days after the tariffs were announced, CNN reported that the S&P 500 had lost 15% of its value since Trump's inauguration on Jan. 20, and by 12:00 p.m. ET on April 9, stocks had fallen by more than 12%, according to Reuters.Article continues...

While the stock market crash sent baby boomers into panic mode, Gen Z was grabbing the popcorn and sharing their plans to get rich. “Forget about the Sephora sale… the entire stock market is on sale right now,” one excited 24-year-old shared on TikTok. Meanwhile, a 22-year-old shared how she made $42K in less than an hour thanks to the volatile market. The world’s stock markets tanked late last week in response to President Donald Trump’s new tariffs—and baby boomers watched in horror as their dreams of a comfortable retirement...

Economic downturns are a part of life. Whether it’s a minor dip in the stock market or something that was as financially devastating as the Great Recession or the COVID-19 pandemic, everyone needs to be financially prepared for whatever may happen. Now, one prominent financial expert is sounding the alarm. In a post on X, “Rich Dad Poor Dad” author Robert Kiyosaki predicted that the stock market is going to crash — and soon. Read Next: Robert Kiyosaki Is Dumping Gold and Silver: Here’s What He’s Buying Instead Check Out:...

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Following President Donald Trump’s announcement of global tariffs during his April 2 “Liberation Day” speech, stock markets around the world plunged sharply. The S&P 500 suffered its most significant one-day drop since the COVID-19 pandemic, while the Dow Jones Industrial Average fell 1,500 points on back-to-back days, marking the steepest decline in its 127-year history. Then on Wednesday, Trump partially backtracked, pausing certain tariffs for 90 days (with the...

Donald Trump bragged that his friend and investor Charles Schwab made two billion dollars from the current stock market chaos.In a video posted to X on Wednesday, 9 April, the president introduced NASCAR drivers to the founder and chairman of Charles Schwab Corporation, a multinational financial services company.“It’s not just a company, it’s actually an individual,” Trump told the racing drivers.The president added that Schwab “made two and a half billion today” from the stock market.The market has experienced dramatic fluctuations since Trump announced historic reciprocal tariffs on foreign nations...

The stock market sold off rapidly over the past few weeks, leading many to label this a stock market crash brought on by President Donald Trump's tariff announcements. Stocks moved down sharply this week as reciprocal tariffs went into effect; they recovered quickly as Trump announced tariff relief on every country except China, but continued to mark additional losses on Thursday. We are a long way from seeing how this all shakes out, but the prevailing notion in the markets is that tariffs will still have a negative effect. However,...

Bombay Stock Exchange (BSE) Equity, currency and debt markets will be closed today, April 10, on account of Shri Mahavir Jayanti. Trading will take place on Friday, April 11, 2025. However, a long weekend is ahead as the market will be closed on April 14, 2025, on account of Dr. Baba Saheb Ambedkar Jayanti. On Wednesday, the benchmark indices ended in red. Sensex closed 379.93 pts 0.51 per cent lower at 73,847.15 and Nifty 50 dropped 136.70 pts or 0.61 per cent to 22,399.15. Sectoral indices except FMCG, consumer durables and...

Peter Berezin told you so — or he tried to, at least.The chief global strategist of BCA Research defied consensus wisdom by predicting late last year that US stocks would sink in 2025 as a full-blown trade war caused a global recession.A few months later, markets have been hit by one of the largest downturns on record caused by unrest from President Donald Trump's tariff policy. Berezin looks brilliant, but he's not gloating."I've been in this business long enough to know that victory laps — more often than not —...

The stock market has been reeling since Trump's "Liberation Day" tariff announcement back on April 2. But even before this shock announcement tipped the Nasdaq into a bear market and sent the S&P 500 down 10% in two trading days, stocks had struggled this year as the reality of Trump's desire to impose tariffs on a wide range of partners and a wide range of goods was increasingly resolute. In turn, investors had spent much of this year searching for the "Trump put," or the level in the stock market...

For more than a century, no asset class has delivered a higher average annual return than stocks. But this doesn't mean the stock market moves from Point A to B in a straight line. Over the last six weeks and change, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), widely followed S&P 500 (SNPINDEX: ^GSPC), and growth-centric Nasdaq Composite (NASDAQINDEX: ^IXIC) have taken the elevator lower. Since Feb. 19, which is when the S&P 500 hit its all-time closing high, the Dow Jones, S&P 500, and Nasdaq Composite have respectively...